This will be interesting for those making money in Cambodia and paying low taxes compared to your country of origin, tax laws from origin re tax and of course income earned overseas while living here, hmmmmmmmm
Cambodia has become the 144th member of the Organisation for Economic Cooperation and Development’s (OECD) Global Forum on Transparency and Exchange of Information for Tax Purposes, according to a press release.
Greenland, Madagascar and Haiti also joined the Global Forum at the same time, bringing the total number of members to 146.
The OECD platform strives to implement international standards for the exchange of tax and financial account information both automatically and upon request to fight international tax evasion and avoidance.
http://www.phnompenhpost.com/business/k ... ax-evasion
Kingdom joins group fighting tax evasion
Fuck, is there no place left that is safe from those thieving motherfuckers ? There goes one of Cambodia's main appeal, living off the grid.
From my experience in other countries, this probably means that financial institutions here will soon be requiring extra information from all their clients. More bureaucratic rubbish and, given Cambodia's enormous competence in such matters, implementation will be a total cock-up. Something to look forward to.
Real estate and gold bullion are exempt from this reporting.
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